St. Modwen, the UK’s leading regeneration specialist, has leased a 4,500 sq ft office building to local construction company R and S (Hull) Limited on a 10 year lease at its 116 acre Melton Business Park in Hull.
R and S (Hull) Limited is the latest of several occupiers to take up space within the 100,000 sq ft first phase of Melton Park which comprises 75,000 sq ft of industrial accommodation and 25,000 sq ft of offices. Three office units now remain, ranging from between 3,004 sq ft to 10,108 sq ft and a third of the industrial units have already been let or sold.
St. Modwen’s success at Melton Park does not stop with the first phase of office and industrial accommodation. Adjacent to this, the regeneration specialist is also building a 30,000 sq ft storage and distribution facility which it has pre-sold to East Riding of Yorkshire Council and expects to complete in the Summer.
Richard Bannister, development surveyor, St. Modwen says:
“With this latest letting to R and S and the ongoing construction of East Riding of Yorkshire Council’s new facility, Melton Park is fast becoming a truly established office and employment location. It already accommodates a wide range of businesses, all moving as a result of business expansion or because they wanted to upgrade their current accommodation. R and S is a classic example of such a company. In addition to providing room for further growth of their business, they saw Melton Park as an opportunity to enhance the profile of their business in and around the Hull area.”
James Deacon, managing director, R and S (Hull) Limited adds:
“Moving to these new premises heralds a new era for the company and will give us a bright future. Melton Park is a great location and will offer a great new home for us to move to the next level in the best environment possible. This is the start for some very exciting times for the whole company and the new premises will result in greater efficiency of the business.”
Melton Park has the potential for providing up to two million sq ft of accommodation and employment opportunities for up to 3,000 people.
St. Modwen was represented by PPH Commercial whilst R and S (Hull) Limited acted for itself.
Notes to Editors
St. Modwen Properties plc
St. Modwen is the UK’s leading regeneration specialist, operating across the full spectrum of the property industry through a network of seven regional offices and a Birmingham based head office. The company is wholly focussed upon regeneration with expertise in town centre regeneration, partnering with industry, brownfield land renewal and Innovation Centres and education projects.